Granite Springs Asset Management, LLC is a large advisory firm based in Summit. It manages $369.65 million of regulatory assets for 508 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Connecticut, Florida, and 7 other states.
Granite Springs Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Granite Springs Asset Management, LLC is $369.65 million. The firm's AUM has grown by 2980% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Granite Springs Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Granite Springs Asset Management is individuals with 365 clients and $94.09 million of assets under management. Among the 10 most similar advisory firms, Granite Springs Asset Management has the 5th highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $369.65 million for 508 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Granite Springs Asset Management also advises several private funds. Namely, one hedge fund and five other private funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 24 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Randy Mark Masel has served as the Chief Investment Officer since 1 Nov 2016 and Kenneth Harris Klein is the Chief Executive Officer of Granite Springs Asset Management, LLC family office. Albert Q Murray joined the executive team most recently as the Managing Director/Managing Member.
The principal office where Granite Springs Asset Management, LLC performs its advisory services is located at 25 Deforest Avenue, Summit, NJ 07901, which is also the mailing address of the firm. An additional office of the firm is in Red Bank, NJ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (212) 935 0755 or by fax (888) 901-4201. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at granite-springs.com.